With the required minimum balance of $1,000 you can earn a safe, fixed rate of interest. Simple interest is paid on a 365/366 day basis annually or at maturity, or it may be compounded on a quarterly, semi-annual, or annual basis. Interest begins to accrue on the business day you deposit non-cash items (i.e. checks). You will receive a statement at interest payment periods and maturity. The balance on which interest is computed for your account is determined by the daily balance method.
Automatic account renewable available. You may not make withdrawals from or deposits into this account until maturity. If you withdraw any funds before maturity, your account will be charged an early withdrawal penalty. A 7 to 31 day CD will be assessed a penalty at least equal to the greater of all interest earned, or that could have been earned on the amount withdrawn. A 30-day interest penalty will be assessed on CD's one year or less. A three-month interest penalty will be assessed on CD's over a year. This early withdrawal penalty may invade principal. Certificates can be titled for individual, joint, in-trust-for, estate, or payable-on-death ownership. There are no maintenance fees that apply to certificates of deposit.
Complete account disclosures, with current annual percentage yield information, are available upon request.
CERTIFICATES OF DEPOSIT
KIRKPATRICK BANK CHECK CARD
